Mahindra Manulife Aggressive Hybrid Fund. It has a Value Research Rating of 4 stars.

This fund has consistently outperformed an average aggressive hybrid since its inception. Since July 2019, the fund has delivered above 20 per cent returns, as of May 15, 2024.

Recently, we spoke to Fatema Pacha to understand the reasons for such a solid performance, and here’s what she had to say…

Pacha said: “The fund benefited from a blend of top-down sectoral bets like Industrials, PSUs & Materials and bottom-up selection of mid- and small-cap ideas.”

“The fund has gained materially from the mid- and small-cap selections where a lot of the stocks have become 3-4x,” she added.

She further said the fund structure forces her to make profit bookings. And during bearish markets, she is able to add more to existing positions.

She said the idea is to “have good alpha during the bull runs. During the bear phase, the objective is to protect the alpha created”.

Besides talking about the fund’s outperformance, she lists the sectors that have done well for her other funds, the fund house’s investment philosophy and more.